German office supports Volkswagen investment in Taiwan ahead of new factory
CNATAIPEI -- Germany's trade office in Taipei is set to offer services, including market research and recruitment, for German automobile maker Volkswagen AG, which plans to open a factory in Taiwan by 2015.
March 1, 2013, 1:43 pm TWN
Supporting German companies that want to invest in Taiwan or do business here is a major task of the German Trade Office Taipei, it told CNA recently.
The office noted that it has been offering professional services to German companies for more than 30 years, ranging from address research, legal and investment advice, recruitment and training services to market studies.
For example, when Volkswagen's luxury car brand Audi set up its own company, Audi Taiwan Ltd., in 2008, the office provided important support to Audi, especially in the field of personnel recruitment, it said.
However, the office declined to talk more about Volkswagen's investment plan in Taiwan because it had not received any statement from the carmaker directly.
Taikoo Motors Ltd., the Taiwanese agent for Volkswagen, said Feb. 6 that the German company has decided to set up an assembly factory in Taiwan.
Production could start by 2015 if the government approves the investment proposal and offers the required resources, Taikoo Motors said.
Based on Volkswagen's middle- and long-term plans, the first stage of the proposed investment is to acquire 165,000 square meters of land to build a facility that can assemble 50,000 cars per year.
With its assembly plant project, the carmaker is hoping to massively increase its Taiwan market share to 15 percent, which would put it behind only the number one seller, Toyota.
“Taiwan has been and continues to be an attractive place for German companies to invest and make use of the very good business environment,” the German Trade Office Taipei said.
According to data compiled by the office, German companies have invested around US$1.92 billion in Taiwan since 1952. In 2012, investment by German companies in Taiwan reached US$56 million, more than double the figure for 2011.